BSG's Mobile Payment Solution

30 Oct 2007 07:02

Billing Services Group Limited30 October 2007 PRESS RELEASE Contacts:Erin GilmoreBlanc & Otus Public Relations - US media relations+1 512 372 6653ebgilmore@blancandotus.com Julian WalkerThe Hogarth Partnership - Investor relations+44 (0)20 7645 3988jwalker@hogarthpr.co.uk BSG Creates Industry's Most Comprehensive Payment Gateway with the Launch of Bill2Phone(TM)- Mobile Payment Solution New m-payment option gives mobile content providers access to more than 240 million mobile subscribers LOS ANGELES - October 30, 2007 - BSG Clearing Solutions (BSG), the telecomindustry's leading billing and payment service provider, announced today at theDigital Hollywood Conference the addition of a new mobile phone payment solutionto its Advanced Payment Gateway (APG(TM)) service. Bill2Phone-Mobile enablesmultimedia merchants to deliver digital content to mobile phones and bill thosecontent charges to subscribers' mobile phone bills. With the addition of thismobile payment solution, BSG's APG is now the single, most extensive paymentgateway, giving digital content merchants access to an unprecedented level ofpayment services that include home and mobile phone payment options, credit cardprocessing and advanced risk management. BSG's Bill2Phone-Mobile solution allows more than 240 million mobile subscribersto charge purchases of off-deck mobile content -- such as games, videos, news,horoscopes, sports and stock updates -- to their mobile phone bill. BSG'sexperience in processing an annual 20 billion transactions for the world'slargest communications providers and merchants, its relationships with over1,400 network operators and its 23 year history in wireline and wireless telecombilling gives it a unique ability to extend its payment expertise to the mobilespace. As a third-party clearinghouse, BSG manages clearing and financialsettlements between thousands of entities and allows merchants to bypass thecostly and time-consuming establishment of multiple billing agreements withwireless, wireline, IP operators, content aggregators, credit card acquirers andrisk management providers. "By extending our clearing and settlement expertise to the mobile payment space,we're able to offer digital content merchants the most comprehensive paymentgateway in the industry, said Randall Brouckman, CEO of BSG. "By using BSG'sBill2Phone service, merchants will now have a quick and simple way to gainimmediate access to more than 400 million wireline and wireless subscribers inthe United States." About BSG Clearing SolutionsBSG Clearing Solutions is a leading global provider of clearing and settlement,payment services, and financial risk management solutions for communicationsservice providers. The company processes over 20 billion transactions annuallyfor 750 of the world's largest communications companies throughout NorthAmerica, Europe and Asia. With a ubiquitous, scalable platform and an extensiveportfolio of clearinghouse services for fixed-line, wireless, Wi-Fi, andbroadband networks, BSG monetizes network transactions by facilitating thefinancial exchange of its customers' services. BSG meets the needs of today'scomplex network interconnections and anticipates the requirements of convergingtechnologies, allowing for rapid and reliable deployment. BSG Clearing Solutionsis an operating subsidiary of Billing Services Group Limited, which is publiclytraded on the London Stock Exchange (AIM) under the ticker symbol BILL. For moreinformation, visit www.bsgclearing.com. All company or product names are trademarks and/or registered trademarks. ### This information is provided by RNS The company news service from the London Stock Exchange